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welcome to the brussels edition bloomberg’s daily briefing on what matters most in the heart of the european union the eu’s price cap on russian oil is playing out a little chaotically particularly on the bosphorus where it’s led to a jam of oil tankers millions of barrels of crude are stuck at the key shipping strait after the bloc’s oil sanctions on russia came into effect monday and turkey began asking for proof that the ships are insured while the government in ankara has come under pressure from the us and britain not to mention the insurance industry to change its rules it’s not caving in russia is brushing off concerns that the oilprice cap imposed by g7 nations will throw its production into turmoil and the mechanism may not make much of a dent in moscow’s revenues still four days into the cap it appears most but not all oil is trading well below the threshold being imposed on moscow

tyson foods inc tsn shared plans to slash about 10 of corporate jobs and 15 of senior leadership positions in april the company had missed the q2 street expectations and reduced its fy23 outlook to save costs the company plans to let go of 228 corporate workers in illinois who refused to transfer to the meatpackers headquarters in arkansas reuters reported citing tysons spokesperson tyson would start laying off 51 workers in the illinois suburb of downers grove and 177 workers from a downtown chicago office on july 31 the report stated tyson stated that the 228 being laid off remain with the company until the chicago and downers grove offices close those impacted were due to the consolidation of corporate offices the company said tyson will lay off about 490 corporate personnel out of around 1000 employees who choose not to relocate including layoffs at another office in dakota dunes south dakota price action tsn shares are trading higher by 078 at 5066 premarket on wednesday

the graph shows the enterprise value to next twelve months ntm ebitda ratios for two groups of cannabis companies those with market caps greater than 750m green line and those with market caps less than 300m orange line in addition the valuation multiple difference which we refer to as the valuation gap is shown by the black line

us stocks ended higher on monday as gains from banks and a rebound in megacap market leaders supported a broadbased rally following wall streets longest streak of weekly declines since the dotcom bust more than 20 years ago this report produced by chris dignam

shares of international paper co ip shed 204 to 3220 thursday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 102 to 374452 and dow jones industrial average djia falling 115 to 2992694 this was the stocks second consecutive day of losses international paper co closed 2437 below its 52week high 5657 which the company reached on october 13th the stock demonstrated a mixed performance when compared to some of its competitors thursday as empresas cmpc sa cmpc rose 060 to 151900 stora enso oyj adr seoay fell 307 to 1328 and packaging corp of america pkg fell 125 to 11592 trading volume 38 m eclipsed its 50day average volume of 33 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

us mortgage rates for tuesday may 30 were down from the previous day and climbed from the same time last week according to data from bankrate see the best mortgage rates you may get now here the average daily rate for a fixedrate loan for 30 years was 724 down 2 basis points from 726 the prior day and up 4 basis points from the previous week each 1 of a mortgage rate is made up of 100 basis points the refinance rate for 30year fixedrate loans was 730 up 1 basis point from the previous day and up 7 basis points from the prior week mortgages with a 15year fixed rate averaged 662 a decrease of 3 basis points from the previous day and rising 12 basis points from the last week for jumbo loans which cover properties that are too pricey for a conventional conforming loan about 647000 in most areas the rate was 725 declining 4 basis points from the prior day and declining 1 basis point from the same day last week as for 51 adjustablerate mortgages which carry a fixed rate for five years that can then rise or fall each year after the average was 601 an increase of 4 basis points from the previous day and rising 9 basis points from the same day last week on tuesday the rate for 51 arms hit a 52week high the rate for 30year federal housing administrationinsured mortgages was 630 down 17 basis points from the previous day and up 18 basis points from the same day last week mortgages backed by the department of veterans affairs reached a rate of 661 a decrease of 13 basis points from the prior day and rising 13 basis points from the prior week on a state level washington saw mortgage rates rise the most day over day increasing 8 basis points to 723 followed by michigan with a 7basispoint increase to 717 and north carolina at 724 up 7 basis points no states posted declines in mortgage rates on tuesday editors note this story was autogenerated by automated insights an automation technology provider using data from bankrate

shares of cme group inc cl a cme inched 066 higher to 18536 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 030 to 397015 and dow jones industrial average djia falling 071 to 3265670 cme group inc cl a closed 6663 short of its 52week high 25199 which the company achieved on march 22nd the stock outperformed some of its competitors tuesday as intercontinental exchange inc ice rose 029 to 10180 trading volume 21 m

shares of regeneron pharmaceuticals inc regn rose 161 to 73463 friday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 003 to 453634 and the dow jones industrial average djia rising 001 to 3522769 this was the stocks second consecutive day of gains regeneron pharmaceuticals inc closed 10292 short of its 52week high 83755 which the company reached on april 5th the stock outperformed some of its competitors friday as amgen inc amgn rose 068 to 23482 moderna inc mrna rose 133 to 12643 and gilead sciences inc gild rose 088 to 8064 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

sign up for our middle east newsletter and follow us middleeast for news on the region stock exchanges in the united arab emirates will start operating mondaytofriday following the gulf country’s decision to switch its working week according to a government official

shares of kohls corp kss slid 245 to 3824 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 186 to 397375 and the dow jones industrial average djia rising 198 to 3188024 this was the stocks second consecutive day of losses kohls corp closed 2614 short of its 52week high 6438 which the company achieved on january 25th the stock underperformed when compared to some of its competitors monday as target corp tgt fell 094 to 15390 aeon co ltd adr aonny rose 230 to 1804 and nordstrom inc jwn rose 127 to 2145 trading volume 52 m eclipsed its 50day average volume of 33 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shake shack inc shares were up were up 26 to 9832 in late morning trading friday after the companys adjusted loss was narrower than expected and revenue missed forecasts while an analyst report saw upside potential outweighing risk the fast food hamburger restaurants company after the bell thursday reported third quarter revenue was up 49 to 1939 million missing the factset consensus forecast of 1975 million samestore sales were up 248 below the factset consensus expectation of 278 shake shacks adjusted loss per share was 5 cents narrower than the factset consensus of a loss of 6 cents shake shack said it expects fourthquarter revenue of 1935 million to 200 million below the factset consensus of 2021 million this quarter represented the highest total revenue quarter in our companys history with all the noise its easy to overlook that revenue is up 49 this quarter versus the same time last year chief executive randy garutti said on the companys conference call yet as sales keep climbing back we acknowledge profitability challenges remain and theres a fair amount of uncertainty for the world in the coming quarters mr garutti said btig raised is stance on the stock to buy from neutral with a 100 price target saying fundamentals appear to have bottomed it said return to work and an increase in tourism should drive outperformance and the upside potential for shake shack outweighs the risk while we have limited visibility on commodities we believe the more aggressive price increase taken in october is evidence that management will defend margins at this level btig said additionally we see increased tourismmobility on the horizon as borders reopen for international travel in november vaccines for children become available and return to work accelerates all aiding shacks urban store base our recovery outlook prompts our share upgrade stifel said in a research report said that while it continue to believe the companys longterm growth prospects are compelling continued volatility in profitability keeps us on the sidelines we remain torn over shaks growth potential and its current weak margin structure on the one hand we see the company as a brand with proven global appeal trading at a 3 billion enterprise value in that sense it is hard to envision the current 3 billion enterprise value as anything short of a bargain for a global brand on the other hand the company struggles to sustain a healthy margin profile at the store or corporate level stifel said

today is your lucky day get 50 off and get 2 bear market beating options trade straight to your inbox and sms every month click here now to get started not for distribution to us news wire services or for dissemination in the united states toronto march 17 2022 cnw frnt financial inc frnt or the company is pleased to announce the pricing of its initial public offering of a minimum of 2666667 common shares the common shares in the capital of the company the minimum offering and a maximum of 4000000 common shares maximum offering and together with the minimum offering the offering at a price to the public of 150 per common share for aggregate gross proceeds of 4000000 in the event of the minimum offering and 6000000 in the event of the maximum offering the offering of common shares is qualified by the companys final prospectus dated march 4 2022 which was filed with the securities regulatory authorities in each of the provinces of canada other than québec frnt intends to use the proceeds from the offering for the purposes of scaling the operations of the company buildingout the companys capital base assessing and pursuing potential investment opportunities and for general corporate purposes the offering is being completed pursuant to an agency agreement entered into between the company and pi financial corp as lead agent and a syndicate of agents including canaccord genuity corp and haywood securities inc closing of the offering is tentatively scheduled for april 14 2022 subject to customary closing conditions the company has received conditional approval for the listing of the common shares on the tsx venture exchange the exchange under the symbol frnt listing is subject to the company fulfilling all of the requirements of the exchange on or before may 24 2022 including distribution of the common shares to a minimum number of public holders stéphane ouellette ceo cofounder of frnt states frnts public market debut through a traditional ipo offering was purposeful in providing shareholders with diligence transparency and a clean capital structure throughout this process our team has been quietly growing our business lines with a diverse institutional investment banking suite in cryptocurrency and other alternative markets a copy of the companys final prospectus is available on sedar at wwwsedarcom under the companys profile the securities referred to in this press release have not been and will not be registered under the united states securities act of 1933 as amended the us securities act and may not be offered or sold in the united states or to or for the account or benefit of a person in the united states or a us person as such term is defined in regulation s under the us securities act a us person unless an exemption from the registration requirements of the us securities act is available this press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in the united states or to or for the account or benefit of a person in the united states or a us person about frnt financial inc frnt financial is a next generation institutional sales and trading platform the company intends to present a new set of opportunities targeted to permitted clients and institutional investors while maintaining a lean technologyforward operation frnt is focused on delivering expertise and products to institutional clients that allow them to effectively access alternative cryptocurrency trade opportunities the company was founded in 2018 by ceo stéphane ouellette and is headquartered in toronto ontario neither the tsx venture exchange nor its regulation services provider as that term is defined in the policies of the tsx venture exchange accepts responsibility for the adequacy or accuracy of this release this press release contains forwardlooking statements and forwardlooking information within the meaning of applicable law generally forwardlooking statements and forwardlooking information can be identified by the use of forwardlooking terminology such as plans expects or does not expect is expected budget scheduled estimates forecasts intends anticipates or does not anticipate believes or variations of such words and phrases or statements that certain actions events or results may could would might or will be taken occur or be achieved all forwardlooking statements and forwardlooking information are based on reasonable assumptions that have been made by the company as at the date of such information forwardlooking statements and forwardlooking information are subject to known and unknown risks uncertainties and other factors that may cause the actual results level of activity performance or achievements of the company to be materially different from those expressed or implied by such forwardlooking statements and forwardlooking information including but not limited to the closing of the offering the ability of the company to fulfil the requirements of the exchange and receive final approval to list its common shares the general risks associated with the speculative nature of the companys business current global financial conditions uncertainty of additional capital price volatility no history of earnings government regulation in the industries in which the company operates political and economic risk absence of public trading market arbitrary offering price dilution to common shares dependence on key personnel currency fluctuations insurance and uninsured risks competition legal proceedings conflicts of interest and lack of dividends as well as those factors discussed in the section entitled risk factors in the companys final prospectus although the company has attempted to identify important factors that could cause actual results to differ materially from those contained in forwardlooking statements and forwardlooking information there may be other factors that cause results not to be as anticipated estimated or intended there can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information accordingly readers should not place undue reliance on forwardlooking statements or forwardlooking information the forwardlooking statements and forwardlooking information contained in this press release are included for the purpose of providing investors with information to assist them in understanding the offering as well as the companys expected financial and operational performance and may not be appropriate for other purposes the company does not undertake to update any forwardlooking statement or forwardlooking information that is included herein except in accordance with applicable securities laws

us stocks were set to open lower on wednesday after strongerthanexpected retail sales data gave the federal reserve more ammunition to tighten policy while geopolitical tensions over russian and ukraine added to caution at 910 am et dow eminis were down 043 at 34755 sp 500 eminis were down 050 at 4442 while nasdaq 100 eminis were down 066 at 1451325 avenue therapeutics atxio down 459 premarket buzzfeels the sting as fda panel votes against painkiller generac holdings inc gnrcn up 81 premarket buzzup as growth across segments drives profit beat cedar fair funn down 83 premarket buzzset for worst day in 2 years after rejecting seaworlds buyout bid intel corp down 02 premarket buzzstreet view tower acquisition may not fully offer a turn of fortunes for intel corsair gaming crsro up 73 premarket buzzrises as co to join sp smallcap 600 gaotu techedu inc gotun down 41 premarket buzzco to stop tutoring services for senior high school students shares slip toast inc tostn down 182 premarket buzzplunges as higher expenses drive biggerthanexpected q4 loss hookipa pharma inc hooko up 530 premarket buzzrises on amended hiv collaboration with gilead

shares of anglo american plc aal inched down 032 to £2194 monday on what proved to be an allaround great trading session for the stock market with the ftse 100 index ukx rising 023 to 727379 anglo american plc closed £1505 short of its 52week high £3699 which the company reached on january 18

safety has its price and that’s the case for investors who flee to the safest asset in the global financial system us treasury securities researchers looked at the returns of investors in us treasurys since 1980 what they found was that foreign investors yielded about 3 less per year than a buyandhold strategy over the same horizon “in other words foreign investors buy us treasurys when they are expensive and offer low future returns and they exit their positions when treasury bonds are cheap and offer high future returns” says the study from zhengyang jiang an assistant professor of finance at northwestern’s kellogg school of management and arvind krishnamurthy and hanno lustig both finance professors at stanford graduate school of business foreigners do as poorly as another price inelastic buyer the us federal reserve and foreign private investors actually perform worse than foreign central banks the big winner from this behavior is the us government which enjoys a lower cost of funding than it otherwise would have however the researchers find this willingness to buy us treasurys when they’re expensive waning over the last 10 years they’re not underperforming the buyandhold strategy “in terms of quantities foreigner investors are net sellers of us treasury notes and bonds during the recent covid19 crisis whereas they used to be net buyers during past global recessions it is possible that we are witnessing a tipping point in the foreign demand for the us treasurys as some have argued” they say the yield on the 10year treasury tmubmusd10y has shot up 125 percentage points this year to 275 yields move in the opposite direction to prices the working paper which has not been peer reviewed was circulated by the national bureau of economic research

the american petroleum institute reported late tuesday that us crude supplies fell by 45 million barrels for the week ended april 15 according to sources the api also reportedly showed a weekly inventory climb of 29 million barrels for gasoline while distillate stockpiles declined by nearly 17 million barrels oil stocks at the cushing okla delivery hub were up by 93000 barrels last week sources said inventory data from the energy information administration will be released wednesday marshall steeves energy markets analyst at sp global commodity insights said the eia is expected to show crude inventories up by 22 million barrels for the week along with supply declines of 12 million barrels for gasoline and 1 million barrels for distillates oil prices little changed in the electronic trading session after the api data may west texas intermediate crude clk22 was at 10251 a barrel in electronic trading after settling tuesday at 10256 on the new york mercantile

shares of 3m co mmm slid 047 to 12800 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 059 to 402726 and the dow jones industrial average djia rising 028 to 3419406 the stocks fall snapped a twoday winning streak 3m co closed 5378 below its 52week high 18178 which the company reached on january 5th the stock underperformed when compared to some of its competitors wednesday as illinois tool works inc itw fell 003 to 22868 general electric co ge rose 065 to 8787 and danaher corp dhr rose 050 to 26335 trading volume 23 m remained 919467 below its 50day average volume of 33 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of comcast corp cl a cmcsa inched 093 higher to 4329 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 040 to 455464 and the dow jones industrial average djia rising 052 to 3541124 comcast corp cl a closed 043 below its 52week high 4372 which the company achieved on july 27th the stock demonstrated a mixed performance when compared to some of its competitors monday as netflix inc nflx rose 020 to 42837 walt disney co dis fell 067 to 8660 and charter communications inc cl a chtr rose 126 to 39943 trading volume 153 m remained 38 million below its 50day average volume of 190 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of discover financial services dfs advanced 379 to 11643 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 002 to 439169 and dow jones industrial average djia falling 011 to 3441169 discover financial services closed 1926 below its 52week high 13569 which the company achieved on august 13th the stock demonstrated a mixed performance when compared to some of its competitors monday as capital one financial corp cof rose 407 to 13798 zions bancorp na zion rose 121 to 6368 and tfs financial corp tfsl rose 026 to 1539 trading volume 11 m remained 644907 below its 50day average volume of 18 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

sydneyaustralias inflation pressures cooled in february opening the door to a pause in the reserve bank of australias campaign of aggressive interestrate increases that began almost a year ago the monthly consumer price index rose 68 in the year to february down from 74 in january and 84 in december the australian

pfizer incs pfe ceo albert bourla called us plans to negotiate drug prices for its medicare health program negotiation with a gun to your head bristol myers squibb cos bmy eliquis pfizer incs pfe ibrance and abbvie incs abbv imbruvica are expected to be among the 10 topselling drugs subject to us price negotiations for 2026 it is not negotiation at all it is price setting bourla said referring to the biden administrations drug pricing reform part of the inflation reduction act ira the law aims to save 25 billion through price negotiations by 2031 speaking at a reuters newsmaker event bourla said he expects drugmakers to sue to halt the process the pharmaceutical industry says the law will result in a loss of profits and reuters reported that the companies have started working to fight the us plan i think that there will be legal action he said adding his doubts that the plan can be stopped before new prices go into effect in 2026 the government will launch the negotiation process in september by naming the first ten drugs it spends the most on for the year ending may 2023 the us centers for medicare and medicaid services will oversee drug price talks bourla acknowledged lower outofpocket medical costs as one of the positive aspects of the law for patients pfe price action pfe shares are down 047 at 3742 on the last check friday

shares of conocophillips cop sank 041 to 9471 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 067 to 409119 and dow jones industrial average djia falling 123 to 3239617 this was the stocks second consecutive day of losses conocophillips closed 2937 below its 52week high 12408 which the company reached on june 8th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as exxon mobil corp xom fell 043 to 9407 chevron corp cvx fell 085 to 15914 and petrochina co ltd adr ptr rose 026 to 4554 trading volume 45 m remained 38 million below its 50day average volume of 83 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

a look at the day ahead in european and global markets from ankur banerjee investors have kept their riskoff hat as the market looks to cap off a volatile week that followed the bank of japans policy tweak and ended with worries about where us yields are headed futures indicate european stocks are set for a higher open but whether they are able to hold on to the gains remains to be seen the paneuropean stoxx 600 index is at more than threeweek lows and on course to snap its run of gains and could do with some friday cheer before the headline us nonfarm payroll report comes through later in the day investor attention will be on construction pmi data from euro zone uk and germany sterling will also be in focus after getting whipsawed on thursday after the bank of englands modest rate hike the pound was up 02 in asian hours meanwhile chinas central bank said monetary policy tools including reserve requirement ratio cuts and open market operations could be used to ensure liquidity in the banking system a day after its governor pledged to guide more financial resources towards the private sector investors have pinned hopes on stimulus and policy easing from beijing to rev up the anaemic rebound in the worlds secondbiggest economy in the corporate world big tech earnings were a mixed bag apple on thursday forecast that a sales slump would continue into the current quarter even as it beat wall street sales and profit targets in the fiscal third quarter amazoncom inc on the other hand reported sales growth and profit that beat wall streets expectations as the company delivered goods faster and more cheaply while recent cloudcomputing headwinds began to subside key developments that could influence markets on friday economic events uk july construction pmi italy june industrial production germany july construction pmi eurozone retail sales

shares of jacobs solutions inc j shed 347 to 11354 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 058 to 410060 and dow jones industrial average djia falling 059 to 3340238 the stocks fall snapped a sevenday winning streak jacobs solutions inc closed 3678 below its 52week high 15032 which the company reached on april 21st the stock underperformed when compared to some of its competitors tuesday as general dynamics corp gd fell 131 to 22932 quanta services inc pwr fell 189 to 16265 and leidos holdings inc ldos fell 173 to 9159 trading volume 493885 remained 203479 below its 50day average volume of 697364 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of medtronic plc mdt shed 021 to 8941 wednesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 045 to 413764 and the dow jones industrial average djia falling 009 to 3353133 this was the stocks second consecutive day of losses

shares of entergy corp etr advanced 128 to 11196 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 030 to 390011 and dow jones industrial average djia falling 020 to 3143826 this was the stocks third consecutive day of gains entergy corp closed 1486 short of its 52week high 12682 which the company reached on april 21st the stock outperformed some of its competitors monday as dominion energy inc d rose 061 to 7862 duke energy corp duk rose 064 to 10520 and southern co so rose 077 to 7037 trading volume 929363 remained 224773 below its 50day average volume of 12 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of western digital corp wdc rallied 200 to 5658 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 095 to 439564 and the dow jones industrial average djia rising 100 to 3425832 the stocks rise snapped a threeday losing streak western digital corp closed 2161 below its 52week high 7819 which the company achieved on june 4th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as hp inc hpq rose 283 to 2759 seagate technology holdings plc stx rose 168 to 8294 and netapp inc ntap rose 215 to 8998 trading volume 22 m remained 20 million below its 50day average volume of 42 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

the consumer packaged goods cpg market worldwide is expected to reach 23 trillion by 2027 however cpg companies face multiple challenges such as how to strengthen consumer loyalty in a highly saturated market differentiate their brands from other brands and attract consumers with volatile behavior more than ever cpg companies such as nestle nsrgy procter gamble co pg and pepsico inc pep are looking to new segments such as selfcare plantbased products and personalized items to bond with customers provide an experience and build a community then what can cannabis do for cpg companies and brands facing these challenges we have come up with a straightforward list of reasons to consider cannabis as an alternative for cpg companies to know more cpg companies will have the opportunity to meet with individuals entrepreneurs and organizations leading the cannabis supply chain during the next benzinga cannabis capital conference taking place on april 1112 2023 at the historic fontainebleau hotel in miami beach many companies are already growing cannabis in other parts of the world and are aiming high for global markets if you are worried about liabilities and conflicts with the fda think again because as more countries grow affordable cannabis a global supply chain is starting to consolidate cannabis global supply chain is relentlessly assembling competitive cannabis producers on one end processors in the middle and retailers selling much more than just cbd or cannabis flowers from food to skincare and supplements cannabis is a fullspectrum platform for cpg and unlike the popular notion of being an illegal business few industries are tracked and controlled as cannabis does while new technologies have transformed cannabis extraction for therapeutic use gmp regulations can ensure that products are safe for consumption and your brand is in line with eu regulations consumers millennials and gen z in particular are looking for values and meaning in brands thus what used to be washed brands suitable for everybody to purchase now need to take a stand for something and cannabis is an industry that can be carbon neutral delivering one of the most important values for society today sustainability cpg brands can produce distribute and sell products that are made with recycled materials or reduce the impact of global warming by resorting to modern technologies but can they sell a product that actually fixates carbon in the soil and amend deserted fields as impactful as it sounds cannabis absorbs carbon dioxide from the atmosphere more than twice as effectively as trees have you ever worn a tshirt that reads clorox watched a movie about laundry detergent or a song about snacks in the topranking music charts well like many cpg brands cannabis is all over public opinion but clearly people like to talk about cannabis in mainstream media and unlike in the past when cannabis was about getting stoned in this century cannabis is strongly associated with wellness and health meanwhile some of the most consumed products in the world are not backed by a culture of care solidarity and wellness such as cannabis people can get a kick from a new softener with a fresh scent but can softener ease their pain relax their minds or nurture their bodies do they feel passionate about how household products are made unless you are a big fan of laundry it is really hard for cpg marketers to create a vibe much less a community around household products that is not the case for cannabis with over 5000 years of use cannabis has become a pop icon and an object of tribute for many that enjoy its medical benefits are you worried about omnichannel marketing and usergenerated content for your cpg brand cannabis culture is already doing that for the industry at a micro social level can cpg brands differentiate from others beyond price compression and visual marketing at a competitive cost fortunately the wide variety of cannabis strains allows companies to produce different kinds of products forget about offering a new fragrance or flavor traditional differentiators for cpg products think about the therapeutic effect of hempderived food and supplements on the human body and pets cpg brands are often after improving consumers’ retail experience the low cost of cpg products makes it easy for consumers to switch products based on price availability and recognition but cannabis can do a lot more for consumers than just improving retail experiences cannabis and cannabisderived products can improve the quality of life of consumers and build a relationship based on trust consumers are more than ever concerned about their health and cannabis can help with that too by offering products that improve people’s lives cpg brands can drive purchase consideration and escape from fungibility confinement furthermore the cannabis industry offers an overabundance of data on consumers’ preferences that is key to understanding their needs and building mutually reinforcing and longlasting consumer relationships are you interested in understanding the cannabis opportunity for cpg join us in april at the benzinga cannabis capital conference and stay at miami beach’s historic fontainebleau hotel dont miss out on a chance to hear about future market forecasts and worldly advice on investing and finance from those embedded in the cannabis industry are you ready buy your tickets here before prices go up

shares of capital one financial corp cof shed 086 to 10912 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 047 to 438871 and dow jones industrial average djia falling 072 to 3405387 this was the stocks fourth consecutive day of losses capital one financial corp closed 1397 below its 52week high 12309 which the company achieved on february 2nd the stock demonstrated a mixed performance when compared to some of its competitors tuesday as jpmorgan chase co jpm fell 051 to 14253 visa inc cl a v fell 107 to 22647 and bank of america corp bac fell 110 to 2887 trading volume 22 m remained 11 million below its 50day average volume of 34 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

mccolls retail group plc said monday that it is in talks with its key commercial partner and lenders over a potential financing solution but any deal will leave shareholders with little or no value in the companys shares the uk operator of convenience stores and newsstands said adjusted ebitda for the current fiscal year is to be no higher than that achieved in fiscal 2021 the company said it has experienced a mixed performance since the end of february with strong trading over the first half of march but a softer performance over the easter period it attributed this to reduced consumer spending and supply chain issues adjusted earnings before interest taxes depreciation and amortizationa metric that strips out exceptional and other oneoff itemsfor the year ended nov 28 2021 was 20 million pounds 257 million the company said earnings for fiscal 2021 will be delayed past the end of may the current deadline for publishing them under london stock exchange rules due to the current financing talks

shares in toronto slipped midday thursday as the price of oil fell and the loonie dropped against the us dollar with terrascend corp shares sharply lower both energy and nonenergy minerals segments dragged on the index with companies like teck resources ltd stelco holdings inc and labrador iron ore royalty corp bringing the sptsx composite index down 14811 points canadas sptsx composite index was down 072 at 2015519 the bluechip sptsx 60 fell 061 to 121427 cannabis operator terrascend shares fell 13 after it reported a widened loss in the second quarter despite a rise in sales and said that it has withdrawn guidance for the year labrador iron ore royalty shares were down 92 stelco holdings shares fell 78 teck resources shares were down 67 and lundin mining slipped 65

yelp inc’s stock climbed 2 in extended trading thursday after the reviews website reported quarterly results that topped analysts’ revenue and earnings estimates the company yelp reported a fiscal firstquarter net loss of 1 million or 2 cents a share compared with a net loss of 1 million or a penny a share in the yearago quarter net revenue improved 13 to 312 million from 277 million a year ago the company slightly raised its fullyear sales outlook to between 1295 billion and 1315 billion analysts are forecasting about 132 billion according to factset analysts surveyed by factset had expected on average a quarterly net loss of 5 cents a share on revenue of 306 million “we can continue to generate strong advertising demand as a combination of our highend audience telling us what they’re looking for and meeting their demand” yelp chief financial officer david schwarzbach said in an interview he said advertising sales from yelp’s services businesses jumped 15 year over year to a record 184 million meanwhile ad revenue from restaurants retail other businesses increased 10 year over year to 114 million and home services moving handymen jumped 25 shares of yelp are flat so far this year while the broader sp 500 index spx has advanced nearly 6

shares of ww grainger inc gww inched 009 higher to 76400 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 039 to 452279 and the dow jones industrial average djia rising 022 to 3458535 this was the stocks second consecutive day of gains ww grainger inc closed 4760 short of its 52week high 81160 which the company achieved on july 11th the stock outperformed some of its competitors monday as amazoncom inc amzn fell 083 to 13356 home depot inc hd fell 014 to 31605 and lowes cos low fell 034 to 22797 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

a union pacific rail car is parked at the canadian pacific railway cp rail toronto yard in scarborough ontario canada march 20 2022 reuterschris helgren june 7 reuters union pacific corp unpn on tuesday warned it would miss fullyear margin targets as the railroad operator takes on rising costs related to fuel wages and its network the nebraskabased companys incremental operating margin is expected to drop below the original forecast of mid60 inflationary pressures beyond fuel have increased since the beginning of the year and we now expect our allin inflation to be around 4 for the full year chief financial officer jennifer hamann said at the ubs global industrials and transportation conference in april union pacific flagged congestion on tracks that was hurting its ability to meet shipping demand and said cost per employee had increased 6 read more hamann also said the company was unlikely to meet its forecast for a fullyear operating ratio beginning with 55 but it would improve from the previous year reporting by kannaki deka in bengaluru editing by devika syamnath

gold prices continued to surge on thursday following hotterthanexpected us inflation but citigroup strategists were warning that fresh momentum for the precious metal may not last beyond winter “should gold prices hold near 1850oz this week new investor inflows are likely to materialize and 1900oz could be the next upside target” said a team of citi strategist led by aakash doshi in a note to clients late wednesday “however a stronger us and more aggressive fed pricing in stir shortterm interest rates markets are headwinds for gold price cheer even if the inflation impulse looks robust” said doshi read why surging us inflation has gold bulls looking for record highs on thursday gold for december delivery gcz21 gc00 rose 15 or 08 to 186350 an ounce headed for another close not seen in months on wednesday gold surged 1750 or 1 to settle at 184830 an ounce on comex for its highest settlement since midjune according to factset data the gains came on the heels of a 09 jump in consumer prices index well above the 06 that economists expected annually inflation climbed to 62 the biggest jump in over 31 years there is no data scheduled for thursday due to the veterans day holiday “concerns about more persistent inflation or even the potential for stagflation is buttressing inflation hedge demand for tips gold and crypto which could continue thematically in the shortterm as november cpi should keep showing underlying strength” said doshi and the team gold’s gains coincided with a strong dollar a move that continued on thursday the dollar as gauged by the ice us dollar index dxy rose 02 to 95053 dollar strength often weighs on prices for dollardenominated gold citi lifted its 0 to 3 month gold pointprice target by 11 to 1900 an ounce and its fourthquarter forecast to 1800 an ounce from 1700 but while doshi said they have priced in a “fattail risk” for the commodity to post fresh nominal highs above 2100 an ounce next year their base case is bearish for the second half of 2022 through 2023 they expect the fed will signal a quicker pace of taper at the december fomc december silver prices si00 siz21 climbed alongside gold rising 26 cents or 1 to 2503 silver climbed 19 to 24772 an ounce on wednesday the highest mostactive contract finish since early september among other metals december copper hgz21 rose 11 to 4372 a pound january platinum plf22 added 13 to 1090 an ounce and december palladium rose 05 to 204850 an ounce

the nintendo co ltd adr ntdoy inched 018 higher to 1140 monday on what proved to be an allaround positive trading session for the stock market with the nasdaq composite index comp rising 093 to 1424495 and the dow jones industrial average djia rising 022 to 3458535 nintendo co ltd adr closed 059 below its 52week high 1199 which the company achieved on june 12th the adr demonstrated a mixed performance when compared to some of its competitors monday as hasbro inc has fell 016 to 6400 sega sammy holdings inc adr sgamy rose 182 to 560 and taketwo interactive software inc ttwo rose 181 to 15271 trading volume 956680 remained 426911 below its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of conocophillips cop advanced 454 to 12271 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 095 to 416068 and the dow jones industrial average djia rising 080 to 3318014 conocophillips hit a new 52week high surpassing its previous peak of 11881 which the company reached on june 6th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as exxon mobil corp xom rose 458 to 10337 chevron corp cvx rose 191 to 18020 and petrochina co ltd adr ptr rose 133 to 5493 trading volume 85 m eclipsed its 50day average volume of 74 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of ford motor co f inched 069 higher to 1317 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 022 to 449619 and the dow jones industrial average djia rising 011 to 3540550 this was the stocks third consecutive day of gains ford motor co closed 329 short of its 52week high 1646 which the company achieved on june 4th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as tesla inc tsla rose 038 to 71120 toyota motor corp adr tm rose 160 to 17375 and bayerische motoren werke ag adr bmwyy fell 067 to 3059 trading volume 508 m remained 103 million below its 50day average volume of 611 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of associated british foods plc abf inched down 045 to £2001 monday on what proved to be an allaround poor trading session for the stock market with the ftse 100 index ukx falling 013 to 755449 associated british foods plc closed £138 below its 52week high £2139 which the company reached on july 19 trading volume 340148 remained 747864 below its 50day average volume of 11 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

regional banks shouldn’t be the only source of worry for potential fallout from the federal reserve’s rapid pace of interestrate hikes in the past year said a former top banking regulator “i don’t see regional banks as having any particular problem” said sheila bair who ran the federal deposit insurance corp from 2006 to 2011 in an interview with marketwatch on thursday “we need to be mindful of all unmarked securities at banks small medium and large” bair called the hyperfocus on regional banks and interestrate risks “counter productive” in the wake of the collapse earlier in march of silicon valley bank and signature bank sbny of new york “this is a risk confronting all banks” she said “all examiners need to be on alert for how interestrate risk is being managed if there is a run they will need to sell these securities those are the kinds of things allsize banks and all examiners should be worried about” a run on deposits at silicon valley bank snowballed after it disclosed a 18 billion loss on a sudden sale of 21 billion worth of highquality ratesensitive mortgage and treasury securities it was the biggest us bank failure since washington mutual’s collapse in 2008 the fdic estimated that us banks had some 620 billion of unrealized losses from securities on their books as of the end of 2022 including longerduration treasurys and mortgage securities that have become worth less than their face value “unrealized losses on securities have meaningfully reduced the reported equity capital of the banking industry” fdic chairman martin gruenberg said on march 6 in a speech at the institute of international bankers days after that gathering silicon valley bank and signature bank both collapsed prompting regulators to roll out a new emergency bank funding program to help head off any liquidity strains at other us lenders regulators also backstopped all deposits at the two failed lenders bair earlier this month argued that if us banking authorities see systemic risks they should go to congress and ask for a “blanket” backstop against uninsured deposits beyond the standard 250000 cap per depositor at a single bank read guarantee for all bank deposits should be on the table exfdic chief bair says treasury secretary janet yellen said wednesday that blanket deposit insurance protection isn’t something her department is considering but added that the appropriate level of protection could be debated in the future fed chairman jerome powell on wednesday said the us banking system “is sound and resilient with strong capital and liquidity” after hiking rates by another 25 basis points to a range of 475 to 5 up from almost zero a year ago see fed hikes interest rates again pencils in just one more rate rise this year bair has been calling for a pause on fed rate hikes since december she said that instead of raising rates by another 25 basis points on wednesday fed chair powell should have hit pause and said the central bank needs time to assess “if we have a financial crisis we won’t have a soft landing” bair said “we have to avoid that at all costs” read bank failures like svb are a reminder that ‘riskfree’ assets can still wreck portfolios stocks gave up early gains to trade lower in afternoon trade with the dow jones industrial average djia and sp 500 index spx each down 03 while the nasdaq composite index comp fell 06

shares of sunpower were surging monday after the solar panel manufacturer received an upgrade from bank of america analysts following a “more encouraging than expected” analyst day bofa’s julien dumoulinsmith upgraded sunpower ticker spwr to neutral from underperform on monday and raised his price target to 23 from 13

european stocks fell as investors fret about rising energy prices and events in china stock indexes have been dragged lower in choppy trading in recent weeks investors are contending with an energy crunch that threatens to add to inflationary pressures just as signs emerge that global economic growth is slowing the energy crisis shows no signs of abating which means considerable cost pressures on companies and consumers facing the prospect of having less money aj bell investment director russ mould said frankfurts dax was 03 lower underperforming other european indexes germanys zew survey of economic sentiment weakened for the fifth straight month tuesday and hit its lowest level since the covid19 pandemic first rocked the country in march 2020 concerns about chinas struggling realestate sector continue two board members of embattled developer fantasia resigned days after the company failed to make a 206 million bond payment its troubles add to worries that chinas property sector difficulties extend beyond evergrande whose failure to meet its debt payments raised concerns about a fresh drag on the worlds secondbiggest economy shares in lowcost carrier easyjet fell 18 in london after the airline forecast a gbp12 billion loss this year easyjet reported a pickup in demand from business travel is encouraging and may point to companies cutting costs and telling staff to switch to cheaper airlines russ mould of aj bell said moreover the airline has said that the recovery is underway with losses narrowing and bookings strong enough to warrant increasing capacity for the rest of 2021 still the airline needs to get back on the path to normality as there is only so long it can sustain hefty losses mould said a gbp12 billion rights issue has given it some breathing room on the financial front and it is encouraging to see the company generate positive operating cash in the three months to the end of september he said germanys zew survey data add to the evidence that economic activity in the country slowed sharply at the start of 4q pantheon macroeconomics senior europe economist melanie debono said in the months ahead both zews current conditions and expectations indicators are expected to fall further as supply constraints continue to hit activity particularly in manufacturing she said the continued fall in the surveys and increasing risks from the rise in gas prices suggest that the risks to our germany gdp growth 4q estimate are squarely to the downside debono said strong uk jobs data released tuesday increases the chances of a bank of england rate rise read what the analysts and asset managers say here stock futures wobbled as rising energy prices exacerbated concerns about inflation and lingering worries about chinas property sector weighed on sentiment investors are looking to the thirdquarter earnings season which begins this week for clues on how companies are faring with price increases some of the uss biggest banks including jpmorgan chase and blackrock are set to kick off the reporting season wednesday the main topic will be inflation there is some real concern about a winter of discontent said brian oreilly head of market strategy for mediolanum international funds we could see some volatility if companies dont get their communications right on their cost pressures on tuesday investors are also awaiting the international monetary funds world economic outlook report which should offer insight into the faltering postpandemic recovery us data on job openings and labor turnover are due at 10 am et the dollar should stay supported after any dips lower as traders await the release of us cpi inflation data and fed minutes on wednesday ing said these will be the next input into market speculation on when and how quickly the fed will tighten monetary policy the issue of how central banks respond to current price pressures remain front and centre ing said usdjpy which last traded down 01 at 11324 should stay supported above 11280 and looks on course to 115 the dxy dollar index should stay supported in a range between 9400 and 9450 it said the euro could weaken if most european central bank policymakers continue to show little concern about inflation risks commerzbank said the longer most ecb members play down inflation the more likely this will sow doubts in the market that the ecb could move towards exiting its expansionary monetary policy sooner than anticipated commerzbank currency analyst thu lan nguyen said and then the currently high inflation is likely to put real pressure on the euro ecb chief economist philip lane on monday said a oneoff shift in wages in response to recent price spikes wouldnt be a sign of sustainably higher inflation the pound may continue to weaken even as the bank of england moves closer to raising interest rates mufg bank said the negative supply shocks from covid19 brexit and the energy price surge are set to have a clearer negative impact on the performance of the uk economy heading into year end mufg currency analyst lee hardman said despite slowing economic growth the boe will likely lift rates to curb inflation he said in light of these risks mufg maintains its short gbpusd position he said short positions bet on an asset price falling mufg has a target of 13200 and stop loss of 13950 for gbpusd a sharp drop in us job growth in september is unlikely to affect the feds taper plan said blackrock the asset manager is strongly underweight on us treasuries expecting a gradual rise in nominal bond yields even with the fed poised to start tapering off asset purchases by the end of the year we are tactically prorisk yet recognize the path for further gains in risk assets has narrowed after an extended run higher and that markets have become more susceptible to sentiment swings it said german 10year bund yields remain close to 2021highs of around 009 even as rising oil prices keep fanning inflation fears analysts said ecb chief economist philip lanes speech in which he reiterated what he sees as the transitory nature of inflation did not contain anything substantially new and failed to provide support to fixed income market said unicredit european benchmark gas prices were up 12 at eur8622 per megawatt hour with gass climb having slowed to a crawl since russian officials hinted at higher supply in november ubss giovanni staunovo said he expects higher crude demand in the power sector because of the continuing gassupply crunch and increased jetfuel demand to drive oil demand over the next 12 months thats why he has raised his brent and wti forecasts by 5 to respectively 80 a barrel and 77 a barrel over the coming year aluminum prices rose to their highest level since 2008 as rallying energy prices add to the metals input costs and threaten supply shutdowns threemonth aluminum on the lme was up 06 at 3060 a metric ton its highest level in 13 years the metal has already rallied this year as demand has rebounded and thanks to supply constraints in china now surging prices of coal gas and oil are adding to the rally energy accounts for 40 of the metals manufacturing costs said commerzbank meaning higher prices are adding to aluminum smelters bills higher energy prices also raised the prospect that some smelters could close or pull back on production causing the global aluminum market to be even more poorly supplied the bank said economic expectations in germany weakened in october for the fifth consecutive month to the lowest level since the covid19 pandemic first hit the country amid widespread supplyrelated strains the zew economic research institute said tuesday the measure of economic expectations decreased to 223 in october from 265 in september below economists forecast of 240 points taken from a survey by the wall street journal the number of people on company payrolls in the uk rose in september for the tenth straight month and now exceeds prepandemic levels the data offer a sign that employment held up after the closure of a government wagesubsidy program at the end of that month easyjet plc said tuesday that it expects to report a widened headline pretax loss for fiscal 2021 and that its headline loss for the fourth quarter fell by more than half on year the uk lowcost carrier said it expects headline pretax losswhich strips out exceptional and other oneoff metricsfor the year ended sept 30 to be in the range of 114 billion pounds to 118 billion pounds 155 billion to 160 billion compared with consensus of gbp118 billion the company reported a headline pretax loss of gbp835 million for fiscal 2020 the european union raised 12 billion euros 1387 billion in its debut green bond under the nextgenerationeu program on tuesday with the more than 10fold demand underpinning investors strong appetite for green assets demand for the new february 2037dated green bond the largest green bond issue to date closed in excess of eur135 billion said one of the lead manager banks the spread on the bond was set eight basis points below midswaps said the same bank lonza provides new 2024 targets anticipates no extraordinary capital return

shares of walt disney co dis inched 046 higher to 8595 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 071 to 455498 and the dow jones industrial average djia rising 106 to 3495193 walt disney co closed 4053 below its 52week high 12648 which the company achieved on august 16th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as apple inc aapl fell 013 to 19373 netflix inc nflx rose 550 to 47480 and comcast corp cl a cmcsa rose 083 to 4244 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of charter communications inc cl a chtr shed 059 to 50693 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 063 to 413215 and dow jones industrial average djia falling 067 to 3299012 the stocks fall snapped a fourday winning streak charter communications inc cl a closed 31869 short of its 52week high 82562 which the company reached on september 2nd the stock underperformed when compared to some of its competitors tuesday as verizon communications inc vz fell 021 to 5129 att inc t remained unchanged and comcast corp cl a cmcsa rose 027 to 4428 trading volume 13 m remained 268891 below its 50day average volume of 15 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

lulus fashion lounge holdings inc shares were up 76 to 729 friday afternoon after quarterly revenue and guidance came in ahead of analyst views the fashion brand for women after the bell thursday reported fourthquarter net revenue of 97 million up 78 and above factset consensus for 927 million adjusted loss per share of 3 cents was narrower than factset consensus for a loss of 6 cents the company guided for 2022 net revenue between 480 million and 490 million above factset consensus for 4721 million chief executive david mccreight said the company in 2021 completed our initial public offering and fully paid off our term loan providing us a very strong balance sheet and greater flexibility to invest in our business going forward lulus went public in november after in ipo in which shares priced at 16 the stock is down 29 in the yeartodate period

shares of nordstrom inc jwn rose 327 to 2024 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 075 to 463409 and dow jones industrial average djia falling 030 to 3554418 the stocks rise snapped a fourday losing streak nordstrom inc closed 2621 below its 52week high 4645 which the company achieved on march 15th the stock outperformed some of its competitors tuesday as tjx cos tjx fell 026 to 7294 ross stores inc rost fell 007 to 10960 and kohls corp kss rose 191 to 4950 trading volume 55 m remained 243912 below its 50day average volume of 57 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of lamb weston holdings inc lw slipped 156 to 11262 friday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 029 to 439895 and dow jones industrial average djia falling 055 to 3373488 lamb weston holdings inc closed 338 below its 52week high 11600 which the company reached on june 23rd the stock underperformed when compared to some of its competitors friday as mondelez international inc cl a mdlz fell 121 to 7200 kraft heinz co khc fell 056 to 3546 and general mills inc gis fell 088 to 7517 trading volume 730340 remained 402549 below its 50day average volume of 11 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

another morgan stanley executive whose communications were sought in a us probe of wall street’s handling of large stock trades has been placed on leave according to people with direct knowledge of the matter charles leisure an executive director who worked on the new yorkbased bank’s equity syndicate desk was put on leave this week according to the people who asked not to be identified as the information isn’t public leisure was part of a team that handled block trades deals that have been facing scrutiny from us prosecutors in the southern district of new york and the securities and exchange commission authorities haven’t accused him of any wrongdoing

shares of glencore plc glen inched down 008 to £473 friday on what proved to be an allaround rough trading session for the stock market with the ftse 100 index ukx falling 167 to 774835 glencore plc closed £112 below its 52week high £585 which the company achieved on january 18 trading volume 347 m remained 173 million below its 50day average volume of 520 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of halliburton co hal slid 496 to 3600 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 404 to 392368 and dow jones industrial average djia falling 357 to 3149007 the stocks fall snapped a threeday winning streak halliburton co closed 660 below its 52week high 4260 which the company achieved on april 19th trading volume 95 m remained 31 million below its 50day average volume of 125 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

bridgebio pharma shares were down 7 to 698 after the company reported a firstquarter loss that was wider than expected the biopharmaceutical company said it had a quarterly loss of 1964 million or 135 a share compared to a loss 1631 million or 118 a share in the same quarter a year ago analysts polled by factset were looking for a loss of 1612 million or 110 a share revenue for the quarter was 17 million compared to last years 462000 and the 47 million analysts were expecting bridgebio said its cash cash equivalents and marketable securities of 6335 million at march 31 give it a cash runway into 2024 svb leerink raised its price target for the stock to 27 a share from 26 a share while maintaining its outperform rating

shares of jm smucker co sjm inched 093 higher to 14364 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 071 to 3516079 and the sp 500 index spx falling 006 to 445945 this was the stocks second consecutive day of gains jm smucker co closed 218 short of its 52week high 14582 which the company reached on january 18th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as kraft heinz co khc rose 174 to 4335 general mills inc gis rose 155 to 7283 and conagra brands inc cag rose 086 to 3654 trading volume 643375 remained 197014 below its 50day average volume of 840389 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

one of the most impressive stock market streaks of 2023 has come to an end with shares of tesla inc tsla declining in price on wednesday june 14 heres a look back at tesla’s 13day streak and wednesday’s trading session what happened tesla shares closed at 25679 wednesday down 074 on the trading session the drop snapped a 13day streak of positive gains setting a company record the streak came to an end the same day as federal reserve chairman jerome powells announcement that the federal reserve would hold rates steady in the 50 525 range the news marked the first time since march 2022 the fed left rates unchanged the overall market dipped on news that rates would not change with the spdr sp 500 etf trust spy dropping to intraday lows of 43359 between 2 pm et and 3 pm et while shares of the spy rebounded and were able to close up 012 to 43717 for the day tesla couldn’t quite make it back into the green tesla shares traded between 25050 and 26157 on the day related link tesla stock is up more than 50 over the past month why jim cramer is calling it the princess bride rally impressive streak comes to an end tesla beat a previous record of 11 days set in 2021 for some the number 13 has proven to be unlucky which could coincide with the streak ending at the number in some countries hotels don’t have a 13th floor which is due to the superstition around the number triskaidekaphobia is the fear of the number 13 something that takes the superstition to a new level while the streak ends at 13 days for tesla it comes with several important news items including partnerships announced with ford motor co f and general motors co gm over the use of tesla’s north american charging standard tesla shares are up over 130 yeartodate in 2023 and investors who got in before the start of the 13day stretch have been rewarded tesla shares opened for trading at 18654 on may 25 and are up 377 since this means that a 1000 investment at the start of the 13day record would be worth 1377 today the spdr sp 500 global etf is up 54 in the same time period turning a potential 1000 investment into 1054

us stock futures were pointing to a higher start for wall street at the end of a volatile week after federal reserve chairman jerome powell cooled speculation over the potential for 75basis point rate hikes on thursday the dow industrials djia dropped 10381 points or 03 to end at 3173030 about 500 points off the session’s low but notching a sixth day of losses the sp 500 spx slipped 01 to 393008 the nasdaq composite comp rose 01 to 1137096 the fed is not “actively considering” a 75basis point interest rate increase fed chairman powell told marketplace after the market close on thursday though he also said the central bank may not be able to engineer a “soft landing” for the economy stocks pared losses on thursday after the senate confirmed powell him to a second term but even if equities can manage a win on friday all three indexes are headed for sizable weekly losses led by the nasdaq down 63 as of thursday that would mark the battered tech index’s sixth straight weekly loss with the dow industrials set to mark its seventh consecutive weekly loss off 35 down 46 the sp 500 is also poised to mark a sixthstraight weekly fall as it also skirts bear market territory defined as a drop of 20 from a recent peak off 181 from a jan 3 record high the sp would only need to close at or below 383724 to enter a bear market it would also mark the first time in over a decade that the index has seen six straight weeks of declines pointed out a team of deutsche bank strategists led by henry hill “unlike in april when the equity declines were triggered by the prospect of a more aggressive fed tightening cycle and went handinhand with sovereign bond losses this week’s declines have much more obviously surrounded global growth risks which you can see in the way that fed funds futures are now beginning to take out some of the tightening they’d been pricing in over the year ahead” said hill the market has endured higherthanforecast consumer prices this week as well as continued high producer prices economic data ahead includes april import prices at 830 am eastern followed by the university of michigan consumer sentiment index for may at 10 am eastern and comments by minneapolis fed president neel kashkari at 11 am eastern some recovery in battered cryptocurrency markets opn friday may also be helping sentiment overall said analysts bitcoin btcusd was trading at 30360 after staging a slight recovery from a roughly 16month low hit thursday of 25400 amid a collapse of some stablecoins which are supposed to be pegged to the dollar read why is ust luna crashing collapse of a once 40 billion cryptocurrency explained how are other assets trading treasury yields were on the rise the yield on the 10year note tmubmusd10y rose 6 basis points to 2875 while that of the 2year tmubmusd02y gained 6 basis points to 2760 oil futures rose modestly with the us benchmark cl1 up 07 at 10690 a barrel gold futures gc00 inched down to 182320 an ounce the shanghai composite cnshcomp rose 09 while the hang seng index hkhsi jumped 23 and japan’s nikkei 225 jpnik surged 26

shares of universal health services inc cl b uhs slid 447 to 10140 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 432 to 393269 and dow jones industrial average djia falling 394 to 3110497 the stocks fall snapped a fourday winning streak universal health services inc cl b closed 5688 short of its 52week high 15828 which the company achieved on april 21st despite its losses the stock outperformed some of its competitors tuesday as hca healthcare inc hca fell 464 to 21204 tenet healthcare corp thc fell 586 to 6007 and select medical holdings corp sem fell 496 to 2605true trading volume 575683 remained 119857 below its 50day average volume of 695540 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of ondas holdings inc were down 9 at 347 after the company said its thirdquarter loss was wider than wall street analysts had expected the wireless radio systems company posted a net loss of 136 million or 32 cents a share compared with a loss of 49 million or 13 cents a share in the same quarter a year ago analysts polled by factset had been expecting a loss of 23 cents a share the company said the higher loss was primarily driven by its investments in its american robotics and ondas networks business units

shares of amphenol corp cl a aph rallied 131 to 7970 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 087 to 399173 and the dow jones industrial average djia rising 017 to 3359292 amphenol corp cl a closed 875 short of its 52week high 8845 which the company achieved on december 30th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as te connectivity ltd tel rose 202 to 12703 itt inc itt rose 332 to 8414 and commscope holding co inc comm rose 055 to 917 trading volume 23 m remained 65116 below its 50day average volume of 24 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of stanley black decker inc swk shed 046 to 8194 friday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 010 to 3442988 and the sp 500 index spx falling 012 to 407170 the stocks fall snapped a threeday winning streak stanley black decker inc closed 11458 below its 52week high 19652 which the company achieved on january 13th the stock underperformed when compared to some of its competitors friday as danaher corp dhr fell 011 to 27423 and illinois tool works inc itw rose 038 to 22829 trading volume 16 m remained 399755 below its 50day average volume of 20 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

abm industries inc said it has agreed to buy ravenvolt inc for an initial purchase price of 170 million in cash plus the potential for earnout consideration based on certain financial metrics ravenvolt which employs over 80 people provides turnkey microgrid systems used by diversified commercial and industrial customers municipalities and other customers the company is projected to generate revenue of 70 million to 80 million this year the deal is expected to close during abms fiscal fourth quarter of 2022 the companies said abm said commercial customers are increasingly turning to microgrids to bolster onsite energy capacity reduce emissions and meet sustainability goals and ensure power resiliency during periods of primary power grid disruption abm will pay an initial purchase price of 170 million in cash at closing the maximum aggregate cash earnout payment is 280 million resulting in a maximum total purchase price of 450 million the companies said to achieve the full earnout of 280 million ravenvolt would need to generate cumulative earnings before interest taxes depreciation and amortization of 150 million in calendar years 2023 through 2025 the companies said write to will feuer at willfeuerwsjcom

shares of ametek inc ame inched 039 higher to 15809 thursday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 047 to 3522518 and the sp 500 index spx falling 068 to 453487 ametek inc closed 460 below its 52week high 16269 which the company achieved on june 30th the stock demonstrated a mixed performance when compared to some of its competitors thursday as emerson electric co emr rose 024 to 9189 amphenol corp cl a aph fell 095 to 8432 and mettlertoledo international inc mtd rose 073 to 134984 trading volume 722499 remained 219805 below its 50day average volume of 942304 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of meta platforms inc meta inched 077 higher to 18090 monday on what proved to be an allaround mixed trading session for the stock market with the nasdaq composite index comp rising 045 to 1118884 and the dow jones industrial average djia falling 028 to 3181914 the stocks rise snapped a twoday losing streak meta platforms inc closed 5596 below its 52week high 23686 which the company achieved on april 5th the stock demonstrated a mixed performance when compared to some of its competitors

shares of blackberry ltd bb slid 116 to 510 friday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 037 to 440959 and dow jones industrial average djia falling 032 to 3429912 this was the stocks fourth consecutive day of losses blackberry ltd closed 210 below its 52week high 720 which the company achieved on august 16th the stock demonstrated a mixed performance when compared to some of its competitors friday as alphabet inc cl a googl fell 125 to 12353 apple inc aapl fell 059 to 18492 and motorola solutions inc msi fell 072 to 28025 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

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shares of berkshire hathaway inc cl b brkb rallied 138 to 27177 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 245 to 376479 and the dow jones industrial average djia rising 215 to 3053025 the stocks rise snapped a twoday losing streak berkshire hathaway inc cl b closed 9033 below its 52week high 36210 which the company achieved on march 29th the stock outperformed some of its competitors tuesday as honeywell international inc hon rose 045 to 18051 3m co mmm rose 013 to 13001 and general electric co ge fell 038 to 6575 trading volume 49 m eclipsed its 50day average volume of 45 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

electric car sales set a new market share record in the european union in 2022 industry figures showed on wednesday batterypowered electric cars accounted for 121 percent of new car sales over the year compared to 91 percent in 2021 according to the acea the industry group that represents the major europebased automobile manufacturers

shell plc reported its third quarter earnings thursday heres what we watched adjusted earnings the multinational energy group generated adjusted earnings of 945 billion in the third quarter this was down from 1147 billion in the second quarter but beat the 90 billion market consensusprovided by vara and based on 27 analysts estimates operating cash flow shells cash flow generation from operations however missed forecasts the company reported operating cash flow of 1254 billion missing expectations of 1403 billion from 22 analysts dividends shell declared a dividend for the third quarter of 25 cents a share in line with the previous quarter and up from 24 cents a year prior however it also said it will raise dividends by 15 in the fourth quarter buybacks the company kicked off a 4 billion sharebuyback program for the third quarter to reduce its share capital down from 6 billion in the prior quarter outlook shell expects capital expenditure to be in the 23 billion27 billion range for the whole of 2022 it further forecast corporate adjusted earnings to be a net expense of around 450 million to 650 million in the fourth quarter and a net expense of around 220 billion to 240 billion for the full year

aveva group plc avv shares inched down 003 to £3208 tuesday on what proved to be an allaround positive trading session for the stock market with the ftse 100 index ukx rising 013 to 737062 aveva group plc closed £279 short of its 52week high £3487 which the company reached on december 29 trading volume 305805 remained 20 million below its 50day average volume of 23 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

snclavalin group inc said friday that it intends to launch a share repurchase program to buy back up to 085 of its issued and outstanding shares over the course of a oneyear period the canadian professional services and project management company said the toronto stock exchange has approved its normal course issuer bid to buy back up to 15 million shares in the company since the beginning of the year the shares have risen nearly 22 to 2900 canadian dollars 2133 but are up about 29 over the course of the last 12 months at thursdays closing price the shares would be worth about c435 million

traders work on the floor of the new york stock exchange nyse at the start of trading on monday following fridays steep decline in global stocks over fears of the new omicron covid variant discovered in south africa on november 29 2021 in new york city us stock futures were higher in overnight trading on tuesday following a selloff on wall street over fears about the new covid variant omicron and the federal reserve mulling a quickerthanplanned taper the major averages have seen several volatile sessions starting last friday when the dow jones industrial average experienced its worst day since october 2020 stocks rebounded on monday only to turn downward again on tuesday wednesday marks the first trading day of the final month of 2021 on tuesday the dow lost more than 650 points the sp 500 shed 19 and the techfocused nasdaq composite dipped 16 the smallcap benchmark russell 2000 tumbled 19 as cyclical names dragged on the markets stocks hit their session lows when federal reserve chair jerome powell said the central bank will discuss speeding up the bondbuying taper at its december meeting despite the potential disruption of omicron the fed chief said he thinks reducing the pace of monthly bond buys can move quicker than the 15 billionamonth schedule announced earlier this month at this point the economy is very strong and inflationary pressures are higher and it is therefore appropriate in my view to consider wrapping up the taper of our asset purchases perhaps a few months sooner powell said i expect that we will discuss that at our upcoming meeting expediting the removal of the feds easy policies tells investors that the central bank is focusing on addressing inflation instead of new threats from the pandemic markets appear to be having trouble digesting the combo of elevated uncertainty around the impact of the omicron variant and a hawkish fed pivot in the context of persistently elevated inflation said gregory daco chief us economist at oxford economics bond yields also retreated on tuesday with the us 10year treasury dropping 8 basis points to below 145 on mounting omicron fears the new covid variant first detected in south africa has now been identified in more than a dozen countries causing many to restrict travel denting sentiment on tuesday the moderna ceo told the financial times that he expects existing vaccines to be less effective against the new variant stocks wrapped up a volatile month of trading on tuesday the dow lost 37 for its second month of losses in three the sp 500 fell 08 while the nasdaq composite gained 025 in november the russell 2000 shed 43 in november its worst month since march 2020 still the major averages are up solidly for the year the dow is up 127 and the sp 500 is up 216 in 2021 the nasdaq composite is up an impressive 206 this year on wednesday investors will be evaluating updates on the omicron variant as well as some key economic reports novembers manufacturing pmi ism manufacturing print and octobers construction spending are set to release on wednesday morning adps private payroll data will be out at 815 am economists polled by dow jones expected 506000 private jobs were added in november down from octobers 571000

shares of smith nephew plc sn shed 104 to £1140 tuesday on what proved to be an allaround dismal trading session for the stock market with the ftse 100 index ukx falling 012 to 785103 smith nephew plc closed £204 below its 52week high £1344 which the company achieved on february 28 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of invesco ltd ivz inched 011 higher to 1755 thursday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 076 to 398135 and the dow jones industrial average djia rising 105 to 3300357 invesco ltd closed 628 short of its 52week high 2383 which the company reached on march 31st the stock demonstrated a mixed performance when compared to some of its competitors thursday as morgan stanley ms fell 011 to 9608 blackrock inc blk rose 079 to 68591 and goldman sachs group inc gs rose 083 to 34910 trading volume 46 m remained 250675 below its 50day average volume of 49 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of sirius xm holdings inc siri rallied 198 to 360 tuesday on what proved to be an allaround mixed trading session for the stock market with the nasdaq composite index comp rising 032 to 1301743 and the dow jones industrial average djia falling 015 to 3304278 this was the stocks second consecutive day of gains sirius xm holdings inc closed 325 short of its 52week high 685 which the company reached on august 11th the stock outperformed some of its competitors tuesday as alphabet inc cl c goog fell 063 to 12464 alphabet inc cl a googl fell 075 to 12367 and meta platforms inc meta rose 018 to 26252 trading volume 126 m remained 26 million below its 50day average volume of 152 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

why ford shares are making new 52week highs today ford motor co nyse f is trading higher tuesday after the company announced plans to nearly double production of the f150 lightning allelectric truck

shares of maruti suzuki india ltd 532500 rallied 152 to 946520 indian rupees monday on what proved to be an allaround grim trading session for the stock market with the sp bse sensex index 1 falling 001 to 6297000 maruti suzuki india ltd closed 33620 rupees below its 52week high 980140 rupees which the company reached on june 7 the stock underperformed when compared to some of its competitors monday as ashok leyland ltd ashokley rose 164 to 16425 rupees trading volume 6145 remained 7776 below its 50day average volume of 13921 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

the swiss national bank on monday estimated it will lose 132 billion francs 143 billion for 2022 reportedly the largest in its history the central bank which unlike most others is an active investor in stock markets said it’s estimating a 131 billion franc loss on foreign currency positions and a 1 billion loss on swiss franc usdchf positions offset by about a 400 million franc gain on gold positions it will report detailed results on march 6 the loss means it won’t distribute any profits to central and regional swiss governments the snb said last year the swiss central bank registered a profit of 257 billion francs as of sept 30 the central bank had 889 billion francs in assets

shares of kohls corp kss rose 734 to 2882 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 056 to 382811 and the dow jones industrial average djia rising 102 to 3316083 kohls corp closed 3556 short of its 52week high 6438 which the company reached on january 25th the stock outperformed some of its competitors tuesday as target corp tgt rose 109 to 16162 aeon co ltd adr aonny rose 125 to 1886 and nordstrom inc jwn rose 374 to 2023 trading volume 129 m eclipsed its 50day average volume of 41 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of royal bank of canada ry rose 116 to c12392 wednesday in what proved to be an allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 080 to 1924144 royal bank of canada closed c2568 below its 52week high c14960 which the company reached on january 17th trading volume of 20 m shares remained below its 50day average volume of 40 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of ameriprise financial inc amp inched 000 higher to 35247 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 024 to 456572 and the dow jones industrial average djia rising 031 to 3506121 this was the stocks third consecutive day of gains ameriprise financial inc closed 499 below its 52week high 35746 which the company achieved on february 14th the stock underperformed when compared to some of its competitors wednesday as morgan stanley ms rose 133 to 9316 bank of new york mellon corp bk rose 060 to 4560 and first republic bank frcb rose 588 to 036 trading volume 417777 remained 136228 below its 50day average volume of 554005 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

the issue of abortion has jumped in importance for americans as midterm elections approach in november vying with the economy for voters’ top issue in a new poll in the wake of a leaked supreme court opinion suggesting the landmark roe v wade decision will be overturned a new survey from monmouth university showed 25 of adults saying abortion was their top issue when voting in congressional elections up from 9 in 2018 the economy was just slightly ahead with 26 saying it was their most important consideration

shares of c3ai inc ai advanced 148 to 3643 friday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 123 to 445038 and the dow jones industrial average djia rising 084 to 3440760 this was the stocks fourth consecutive day of gains

shares of pfizer inc pfe rallied 175 to 4949 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 025 to 400105 and the dow jones industrial average djia falling 026 to 3216074 pfizer inc closed 1222 below its 52week high 6171 which the company achieved on december 20th the stock outperformed some of its competitors tuesday as johnson johnson jnj fell 014 to 17709 merck co inc mrk rose 019 to 8781 and novartis ag adr nvs rose 109 to 8439 trading volume 273 m remained 848071 below its 50day average volume of 282 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of kimberlyclark corp kmb inched 061 higher to 13028 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 018 to 461367 and the dow jones industrial average djia rising 026 to 3591384 kimberlyclark corp closed 1416 below its 52week high 14444 which the company reached on november 17th the stock outperformed some of its competitors monday as johnson johnson jnj rose 009 to 16302 procter gamble co pg fell 024 to 14264 and estee lauder cos cl a el rose 025 to 32515 trading volume 12 m remained 578358 below its 50day average volume of 18 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of verisk analytics inc vrsk slipped 081 to 22132 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 024 to 428385 and the dow jones industrial average djia rising 003 to 3357328 verisk analytics inc closed 303 short of its 52week high 22435 which the company reached on june 5th the stock underperformed when compared to some of its competitors tuesday as fair isaac corp fico fell 020 to 78999 and prism technologies group inc przm remained unchanged trading volume 777986 remained 186431 below its 50day average volume of 964417 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

a federal judge on wednesday denied former jpmorgan chase executive jes staleys request to dismiss a lawsuit by the bank that seeks to hold him legally liable for sex trafficking by former jpmorgan customer jeffrey epstein the ruling came two days before jpmorgan ceo jamie dimon is scheduled to be deposed in a lawsuit by the us virgin islands against the bank over its relationship with the late predator epstein this is breaking news please check back for updates

may 24 reuters londonlisted it firm softline sftlql said on tuesday turnover in its major market russia would likely shrink from april to june due to ongoing uncertainty but was confident of doubledigit growth elsewhere reporting results for the full year ended march 31 softline which provides digital solutions hardware and cloud services said turnover grew 22 yearonyear to 22 billion in reported currency softline which works closely with microsoft msfto withdrew its business outlook in march but on tuesday gave guidance for the three months from april to june saying it expected yearoveryear turnover growth of at least 15 in russia the company expects growth to decline at least midsingle digits yearoveryear based on the continued uncertainty in the market it said adding that it expected the business including its russia operations to deliver positive core earnings headquartered in london and operating in 60 countries softlines primary market is russia accounting for 51 of turnover for the full year the company said softline has been at pains to downplay its connection to russia especially in the wake of broadranging western sanctions on russian companies over moscows stated special operation in ukraine softline holding plc does not consider itself to be an entity owned by or acting on behalf or at the direction of a person connected with russia it said in early march softline this month said its russian and nonrussian businesses now differ significantly in operations priorities and gotomarket strategies and it is exploring options to adjust the groups assets and ownership structure softline on tuesday denied a report by forbes russia on monday that softline was planning to cut salaries at its russian operations by 25 and adopt more performancebased targets chief operating officer sergey chernovolenko said all companies operating in russia should be adjusting their approaches in the current circumstances and said staff numbers were not being reduced

shares of unum group unm sank 073 to 4508 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 007 to 404842 and the dow jones industrial average djia rising 012 to 3343144 unum group closed 156 short of its 52week high 4664 which the company achieved on november 2nd the stock underperformed when compared to some of its competitors monday as chubb ltd cb rose 046 to 20806 trading volume 18 m eclipsed its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

trading volumes on major indian cryptocurrency exchanges have declined by 70 after a new transaction tax came into effect on july 1 what happened data shows that exchange volumes plummeted following the imposition of a 1 tax deducted at source tds and 30 income tax on cryptocurrency transactions the 1 tds is applicable to every digital asset transaction including nfts and other types of transactions on public blockchains see also indian crypto players have a new tax rule from today what you should know leading indian cryptocurrency exchanges such as wazirx zebpay bitbns and coindcx saw their average trading volumes decline from over 95 million per day to around 5 million at the time of writing “crypto taxation and the government’s efforts to regulate the industry is a very positive step and a welcome move” wrote coindcx ceo sumit gupta on twitter “however imposing such high taxation on an asset class and an industry that’s just started to take off would do more harm than good ” price action as per data from benzinga pro the crypto market rose 560 over the last 24 hours bitcoin btcusd was up 618 while ethereum ethusd and dogecoin dogeusd saw increases of 9 and 445 respectively over the same period

shares of intuit inc intu slid 147 to 40837 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 075 to 410123 and dow jones industrial average djia falling 054 to 3281323 this was the stocks second consecutive day of losses intuit inc closed 30849 below its 52week high 71686 which the company reached on november 19th the stock underperformed when compared to some of its competitors wednesday as adobe inc adbe rose 040 to 41816 sap se adr sap fell 051 to 9933 and oracle corp orcl fell 044 to 7160 trading volume 16 m remained 445624 below its 50day average volume of 20 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of equity residential eqr rose 100 to 6542 thursday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 045 to 439644 and the dow jones industrial average djia rising 080 to 3412242 equity residential closed 1547 below its 52week high 8089 which the company achieved on august 18th the stock underperformed when compared to some of its competitors thursday as avalonbay communities inc avb rose 158 to 18804 udr inc udr rose 166 to 4288 and midamerica apartment communities inc maa rose 120 to 15207 trading volume 17 m remained 99731 below its 50day average volume of 18 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

crudeoil prices fell extending a decline driven by worries that interestrate increases by the federal reserve will slow the economy and curb fuel demand brent crude futures the global benchmark lost 21 to about 7375 a barrel they have fallen 13 since april 3 when prices initially leaped after saudi arabia led opec allies into a new round of output cuts futures for west texas intermediate the us benchmark fell 23 to 7005 a barrel earlier wednesday they dropped briefly below 70 for the first time since late march falling crude prices are a worrisome sign for the world economy but there is a silver lining in that they feed quickly into lower gas prices in the us that could take the heat out of inflation though the fed says it looks past volatile energy prices in setting interest rates morgan stanley lowered its oilprice forecasts tuesday saying brent will end the year at 75 a barrel instead of 8750 the bank said the market faces two challenges beyond a slowing economy a burst of demand in china after the end of lockdowns has probably played out and russia keeps exporting huge volumes oil isnt the only commodity flashing a warning about the economy iron ore the main ingredient in steel has slumped 17 so far this quarter to about 106 a metric ton

shares of catalyst pharmaceuticals inc cprx rallied 271 to 1855 wednesday on what proved to be an allaround positive trading session for the stock market with the nasdaq composite index comp rising 069 to 1045876 and the dow jones industrial average djia rising 040 to 3326977 catalyst pharmaceuticals inc closed 123 short of its 52week high 1978 which the company reached on december 21st the stock outperformed some of its competitors wednesday as johnson johnson jnj rose 109 to 18013 pfizer inc pfe fell 220 to 5013 and abbott laboratories abt rose 149 to 11121 trading volume 17 m remained 677323 below its 50day average volume of 24 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

morgan stanley shares fell 18 in premarket trades thursday after the bank said its secondquarter net income fell to 25 billion or 139 a share from 351 billion or 185 a share in the yearago quarter adjusted net income for the latest quarter was 144 a share secondquarter net revenue dipped to 1313 billion from 1476 billion analysts expected morgan stanley to report earnings of 156 a share and revenue of 1339 billion according to a factset survey ceo james gorman said the banks results were solid despite the most volatile market environment that we have seen for some time gorman said

a street sign wall street is seen outside new york stock exchange nyse in new york city new york us january 3 2019 reutersshannon stapletonfile photo new york jan 19 reuters wall street banks are expecting trading revenue to settle at a new normal somewhere between prepandemic levels and the highs of the past two years top executives and analysts say a massive injection of cash into capital markets by the federal reserve led to unprecedented liquidity and trading activity through the pandemic as investors sought opportunities to cash in but trading revenue at leading wall street banks fell in the fourth quarter as markets normalized and the fed scaled back its asset purchases read more banks with large trading desks such as goldman sachs gsn jpmorgan jpmn and morgan stanley msn have been the biggest beneficiaries of market volatility enabling traders to enjoy their best period since the 200709 financial crisis now they face the realization that the favorable market backdrop will not last forever none of us could have anticipated the environment that weve lived through over the last two years and particularly the environment this year which was obviously a significant tailwind for our business goldman sachs chief executive david solomon told analysts after the bank on tuesday posted earnings that fell short of market forecasts read more we in no way see that as a permanent environment thats going to continue at this pace solomon said he added that the bank was still seeing reasonable activity in 2022 and that the business could thrive whatever market conditions materialize executives at rival jpmorgan chase co jpmn struck a similar tone last friday after the countrys largest bank posted earnings that disappointed read more in our central case markets and banking normalized somewhat in 2022 relative to their respective record years in 2020 and 2021 and resume modest growth thereafter chief financial officer jeremy barnum told analysts barnum said trading volumes would still remain elevated in 2022 the beginning of a ratehiking cycle could be quite healthy for fixed income revenues in particular he said analysts also expect the overall environment to remain positive for trading activity albeit below the levels of the past two years the bar from 2020 and 2021 is quite high said devin ryan an analyst at jmp securities part of citizens financial group well probably see some normalization and the industry is trying to figure out what that normalization will look like executives at goldman sachs jpmorgan and morgan stanley have emphasized their confidence about holding on to market share gains achieved during the pandemic in part a result of european banks retreating goldman in particular has focused on doing more trading on behalf of its biggest corporate clients theres still upside for us from a wallet share perspective looking at the broad client base said solomon well take more sustainable share from what opportunity the market presents most analysts believe prospects for trading businesses are better than people were anticipating the outlook for trading is more optimistic said kush goel senior research analyst at neuberger berman in new york its not going back to 2019 reporting by matt scuffham in new york editing by matthew lewis

a for sale sign is posted outside a residential home in the queen anne neighborhood of seattle washington us may 14 2021 reuterskaren duceyfile photo washington july 22 reuters us home sales rebounded in june after four straight monthly declines but the pace was moderate as higher prices and low inventory remained constraints existing home sales increased 14 to a seasonally adjusted annual rate of 586 million units last month the national association of realtors said on thursday sales rose in the northeast west and midwest they were unchanged in the densely populated south economists polled by reuters had forecast sales would rise to a rate of 590 million units in june home resales which account for the bulk of us home sales increased 229 on a yearonyear basis the covid19 pandemic fueled demand for houses as millions of americans switched to remote work and schooling supply was already tight before the pandemic and is unlikely to improve as builders battle higher costs for raw materials including lumber and concrete labor and building lots are also in short supply the commerce department reported on tuesday that permits for future homebuilding dropped to an eightmonth low in june read more realtors homebuilders and a group of other stakeholders met last friday with white house officials including commerce secretary gina raimondo and housing and urban development secretary marcia fudge to discuss strategies to address the shortterm supply chain disruptions in the homebuilding sector the median existing house price increased 234 from a year ago to 363300 in june higher prices are in part due to sales being concentrated in the upper end of the market bidding wars have become the norm across the country though the nar said the number of multiple offers was declining there were 125 million previously owned homes on the market last month down 188 from a year ago at junes sales pace it would take 26 months to exhaust the current inventory down from 39 months a year ago a sixtosevenmonth supply is viewed as a healthy balance between supply and demand economists do not believe another housing bubble is developing noting that the surge is being mostly driven by a mismatch between supply and demand rather than poor lending practices which triggered the 2008 global financial crisis but higher home prices could dampen demand the university of michigans survey of consumers published last week showed consumers complaints about rising home prices holding at an alltime high in early july in june properties typically remained on the market for 17 days matching mays alltime low eightynine percent of the homes sold last month were on the market for less than a month firsttime buyers accounted for 31 of sales in june down from 35 a year ago

shares of quest diagnostics inc dgx slipped 032 to 14807 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 030 to 446083 and the dow jones industrial average djia rising 004 to 3549985 this was the stocks second consecutive day of losses quest diagnostics inc closed 227 below its 52week high 15034 which the company achieved on august 10th the stock demonstrated a mixed performance when compared to some of its competitors thursday as laboratory corp of america holdings lh rose 018 to 30052 qiagen nv qgen fell 002 to 5108 and sonic healthcare ltd adr skhhy fell 099 to 3003 trading volume 16 m eclipsed its 50day average volume of 10 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

stocks were off to a mixed start tuesday a day after all three major indexes closed at records the federal reserve was set to begin a twoday policy meeting thats expected to see policy makers unveil a plan to begin scaling back monthly asset purchases the dow jones industrial average djia was up 28 points or 01 at 35941 while the sp 500 spx rose 4 points or 01 to 4617 the nasdaq composite comp edged down 21 points or 01 to 15575

thanks so much guy yeah the president touching down in the kingdom and as you framed it this trip is really all about oil supplies because hes trying at home to deal with the domestic problem of bringing down gasoline prices an american that sits in riyadh and its international energy forum secretary general joe mcgonigle he joins us here in jeddah thanks so much for joining us great to be with you so were not going to get an emphatic announcement on more oil coming from the kingdom to help the president out but do you think that this meeting is going to mean more oil coming at the next opec plus meeting well look i agree with you i dont think there is going to be any specific announcement on oil production here but look we have the top two world oil producers meeting here so its an historic trip its good for market stability and energy security when the top two producers are meeting and i know theres a lot of focus on the president being here but i think its important to note that behind the scenes theres been a lot of us officials coming here over the months i live in riyadh they stop and see me when they come so this has been going on this relationship building has been going on even though the presidents the presidents first trip so i think a lot can come out of this trip but its its just the beginning stages i also think you will hear a lot more on other parts of the energy business youll hear a lot on the energy transition investing in energy infrastructure and potentially you could hear something on nuclear i understand theres some nuclear industry people from the us here that would lead me to believe there could be some announcement regarding the saudi energy nuclear energy program and us involvement in it but when it comes to saudi arabia adding more barrels the market you said us officials were here it does look like they gave a nod at the last opec meeting a bit of an olive branch to heed the presidents calls how much could they add if they were to add well look i think its important to note i mean to answer direct question i mean the spare capacity that could come on quickly is about 2 million barrels a day but youre threading the needle needle here because you dont necessarily want to give up all that spare capacity right because if a hurricane hits the gulf coast and you need extra spare capacity and dont forget weve weve kind of diluted the strategic petroleum reserve and other reserves around the world and so we need this spare capacity but i think its important that this discussion here should not just be on increasing opecs supply or opecs plus supplier gcse countries supply but also not opecs supply the bottom line is we need more energy from all sources not just oil we need natural gas and everybody has to play that role we need more production from the us and canada and mexico brazil and then of course theres the whole refining downstream sector to talk about this is the only half the problem right now but when you look at saudi arabia they are still at the moment not meeting their current quotas why is that do they want to keep more spare capacity in the tank well they traditionally have wanted to because they view it as an important thing for global energy security i think maybe the anomaly during the summer has to do with the the summer heat that were experiencing here and the power spikes that they have during the summer but i wouldnt pay that much attention to that i mean i think saudi arabia and the uae uae in particular have had a very good record on meeting their targets its been basically the other countries that for the same reason the us producers arent back to pre pandemic production because of a lack of investment thats made them or upstream and so that has to change im sure you saw the encounter in bavaria when emmanuel macron chased the to talk about his conversation with mohammed bin zayed do you think the uae can get up to four million barrels a day well look im happy that world leaders are becoming more conversant on energy issues this is really important especially as the world is in the middle of an energy crisis theres a lot of additional upside by in the uae and in saudi arabia and unlike other parts of the private sector that the ioc is the international oil companies the nlc is the the national oil companies are investing in new supply and this is really really important but they cant be the only ones we need we need western energy companies to begin investing again in hydrocarbons and really theres been this not just you know esg pressure but also investor pressure we want better returns right from the sector saying you know dont invest more in cap dax and give us better returns so i think weve talked a lot to producers about increasing supply i think the conversation is to move to the investor and financial community and what about prices right now we have this recent pullback do you think this is a lot going to be a longer term correction because all these fears about a potential global recession i dont i mean i think were seeing a tale of two markets right here right were seeing the paper markets focused on fears of recession and maybe waning energy or gasoline demand in the us and the strong dollar maybe but on the physical side tremendous pressure and very tight markets i mean the prices that the saudis and other other producers are able to charge are are increasing because of the tightness in the market you have this example of a trader on wednesday who offered a six dollar premium to brent that couldnt find any takers that was the highest premium to brent and like 14 or 15 years so it shows you the tightness in the physical market im worried that again if we have some hurricane hit in the us if we have you know trying to demand has been very soft if that demand comes back and we expect china will reopen when the peoples party congress happens in the fall i think youre gonna see a lot of additional pressure on on the demand side of the equation so what im getting from you is higher for longer higher for longer and a lot more volatility

shares of news corp cl a nwsa inched 039 higher to 1552 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 033 to 357703 and dow jones industrial average djia falling 010 to 2921085 the stocks rise snapped a fiveday losing streak news corp cl a closed 1035 below its 52week high 2587 which the company achieved on november 5th the stock outperformed some of its competitors wednesday as thomson reuters corp tri fell 110 to 9969 relx plc adr relx fell 016 to 2455 and new york times co cl a nyt fell 162 to 2907 trading volume 20 m remained 395820 below its 50day average volume of 24 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of dish network corp cl a dish rallied 408 to 816 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 033 to 415132 and the dow jones industrial average djia rising 030 to 3398718 dish network corp cl a closed 2558 short of its 52week high 3374 which the company achieved on april 18th the stock outperformed some of its competitors monday as amazoncom inc amzn rose 022 to 10274 netflix inc nflx fell 175 to 33272 and walt disney co dis rose 040 to 10030 trading volume 75 m remained 48464 below its 50day average volume of 75 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use